The 7 Paralegal Salary And Employment Statistics You Need To Know
Data from the US Bureau of Labor Statistics tells us that the average paralegal or legal assistant salary in May 2015 was $52,390 (or approximately $25.19 an hour). However, this data only gives a fraction of the picture.
Paralegal salaries can vary depending on what state you work in, the size of the firm you work for, your level of educational attainment, years of experience and area of specialization. The National Association for Legal Assistants has recently published the results of its 2016 survey of the paralegal industry. In this article we break down the statistics to give you the complete picture.
Setting up in the Far West might be the way to go if you are after a sweet salary. The Far West has consistently out-performed other regions in terms of salary since 2010, whilst the Plains States trail at the bottom of the list.
|Region||New England/Mid East||Great Lakes||Plains States||South-east||Rocky Mountains||Far West|
Compare these with statistics from the US Bureau of Labor Statistics, which give us with a closer look at the highest paying states. If you are a paralegal and you are living in the District of Columbia ($77,230p/a), Alaska ($66,470p/a) or California ($59,230p/a), consider yourself lucky.
Years Of Experience
Don’t expect to be making the big bucks if you have just started out in the paralegal industry. Rest assured though that the news gets much better after 5 years in the field (from the NALA 2016 Survey).
|Years of experience||1-5||6-10||11-15||16-20||21-25||25 +|
Although it seems that there is not much difference between the salaries of paralegals whose highest level of education is High School or an Associate’s Degree, these statistics show that a Bachelor’s or Master’s Degree can have a huge impact on your income (from the NALA 2016 Survey).
|Education||High School/GED||Associate?s Degree||Bachelor?s Degree||Master?s Degree|
Sole practitioners tend to pay their paralegals significantly less than average, but it appears that whether you work in a mid-sized or large firm might not make a massive difference to your salary. A sample of firm sizes (by number of attorneys) and salary is set out below (from the NALA 2016 Survey).
Some of the most popular industries for paralegals happen to be in government, but the pay scale can vary dramatically depending on the level. Here we list the median salaries for paralegals in the top industries that they work in (from the US Bureau of Labor Statistics, May 2015).
|Industry||Federal Govt||Finance & Insurance||Local govt||Legal services||State govt|
Compare this with the highest paying industries, which are: software publishers ($76,010p/a), publishing industries ($74,130p/a), semiconductor and other electronic component manufacturing ($72,920p/a), and pharmaceutical and medial manufacturing ($72,340p/a). Unfortunately it seems that the industries that hire the most paralegals do not also pay them the most.
Of course, we are dealing purely with averages here.
To give you an idea of what the best in the paralegal field are being paid: according to the Bureau of Labor Statistics, in May 2015 the top 10% of paralegals made $79,010 a year (that?s more than $37.99 per hour).
Employment prospects for paralegals in the next five years are good to average. The US Bureau of Labor Statistics anticipates that job growth for paralegal and legal assistant positions will increase 8% between 2014 and 2024.
But what about 2017?
The Robert Half 2017 Salary Guide predicted that in 2017 demand for paralegals would grow 3.5% (or 4% if you are a senior paralegal).
On the other hand, if you are looking for the area that is employing the most paralegals, the states with the highest employment level in the field are California, Texas, Florida, New York and Illinois.
Although it is impossible to predict what salary you will receive if you decide to enter the paralegal industry, some facts are clear: educational attainment, years of experience and industry can have a significant impact on your income.
Please include attribution to JPL Process Service with this graphic.